There are many advantages of decentralized finance (DeFi), including the fact that it allows individuals to take control of their financial lives and destiny. With DeFi, there is no need for third-party intermediaries, such as banks, to complete transactions. This means that users can transact directly with each other, without having to go through a centralized entity. This can lead to lower transaction fees and faster transaction times. In this post, we’ll take a look at some decentralized finance quotes.
“DeFi is the future of finance.” says Vitalik Buterin the Co-Founder of Ethereum. Let’s take a look at what other industry leaders are saying about decentralized finance or Defi.
Decentralized Finance Quotes
“Decentralized finance—often called DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain.” -Genesis Block Ventures
“DeFi is the future of finance.” – Vitalik Buterin, Co-Founder of Ethereum
“DeFi is what happens when you combine the power of crypto with the openness of the internet.” – Nick Szabo, Computer Scientist
“DeFi is reclaiming the power from central authorities and returning it to the people.” – Ameen Soleimani, CEO of SpankChain
“DeFi is unlocking a world of opportunity that was previously only available to those with the most resources.” – Muneeb Ali, Co-Founder of Blockstack
“DeFi could eventually represent a larger shift in how financial services are organized and operated than the internet itself.” – Mike Novogratz, CEO of Galaxy Digital
“With DeFi, we can build a more inclusive financial system that works for everyone.” – Harriet Taylor, Executive Director of the UN World Food Programme
“Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs, and could liberate poverty-stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world.” – Perianne Boring
“DeFi is one of the most exciting developments in crypto and has the potential to revolutionize the financial system as we know it.” – Brian Armstrong, CEO of Coinbase
“The Decentralization of Finance is really good for humanity and it’s ultimately a win for each and every one of us. Because now that we can circumvent banks, exchanges and brokerage companies by using smart contracts on the blockchain… every person, every family, and every business will experience more liberty, more freedom, more opportunities, more abundance, more power, and more wealth. This makes way for more opportunities around financial wellness, permaculture investing, more effective crowdfunding, better ownership and equity arrangements, and more.” – Hendrith Smith
“Think of Bitcoin as a bank account in the cloud, and it’s completely decentralized: not the Swiss government, not the American government. It’s all the participants in the network enforcing.” – Naval Ravikant
“DeFi is providing access to the same financial opportunities that have been available to only a select few for far too long.” – Yoni Assia, Founder and CEO of eToro
“Everything will be tokenized and connected by a blockchain one day.” – Fred Ehrsam
“This Bitcoin currency is a voluntary decentralized currency, anonymous. It can’t be shut down by anyone; there are no central servers.” – Jeff Berwick
“DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.” – Mohith Agadi
“I believe the role of the government is too big. Society must be more decentralized.” – Pavel Durov
“I’m passionate about blockchain as a whole, decentralized finance as a whole.” – Spencer Dinwiddie
“DeFi is about giving people more control over their own financial lives.” – Nadia Hewett, Co-Founder and COO of Status
“DeFi is about re-imagining how our financial system could work if it were built on decentralized infrastructure.” -Tai Lopez, Investor and Advisor
“The Decentralization of Finance is really good for humanity and it’s ultimately a win for each and every one of us. Because now that we can circumvent banks, exchanges and brokerage companies by using smart contracts on the blockchain… every person, every family, and every business will experience more more liberty, more freedom, more opportunities, more abundance, more power, and more wealth.” – Hendrith Vanlon Smith Jr
“It will take time for the idea of decentralized trust through computation to become a part of mainstream consciousness, and until then, the idea creates cognitive dissonance for those accustomed to centralized trust systems.” – Andreas Antonopoulos
“What is so powerful about DeFi protocols is that they are open and accessible to anyone with an Internet connection.” – Rhys Jones, Founder and CEO of BlockExplorer
“In the long run, I think DeFi will power a new global financial system that is much more open, transparent, and inclusive than the current one.” – Vitalik Buterin, Co-Founder of Ethereum
“DeFi protocols have unlocked a world of new possibilities for what can be done on the Ethereum blockchain.” – Hudson Jameson, Head of Communications at the Ethereum Foundation
We hope you enjoyed the quotes on Defi. Check more related posts here.